Electrovaya (TSE:ELVA) has released an update.
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Electrovaya, a leading lithium-ion battery company, reports promising unaudited FY2024 financial results with a revenue estimate of $44.6 million and a gross margin of 31%. The company expects significant growth in FY2025, driven by high demand from major clients, and recently secured a $50.8 million loan to support its manufacturing expansion.
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